Dividends to pay premiums

  1. Law
  2. USC 38
  3. Veterans' Benefits
  4. GENERAL BENEFITS
  5. INSURANCE
  6. UNITED STATES GOVERNMENT LIFE INSURANCE
  7. Dividends to pay premiums

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§1946. Dividends to pay premiums

Until and unless the Secretary has received from the insured a request in writing for payment of dividends in cash or that the dividends be placed on deposit in accordance with the provisions of the insured's policy, any regular annual dividends shall be applied in payment of premiums becoming due on insurance after the date the dividend is payable on or after December 31, 1958.

( Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1159 , §746; Pub. L. 99–576, title VII, §701(30), Oct. 28, 1986, 100 Stat. 3293 ; renumbered §1946 and amended Pub. L. 102–83, §§4(a)(2)(A)(iii)(V), 5(a), Aug. 6, 1991, 105 Stat. 403 , 406.)

Amendments

1991-Pub. L. 102–83 renumbered section 746 of this title as this section and substituted "Secretary" for "Veterans' Administration".

1986-Pub. L. 99–576 substituted "the insured's" for "his".


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